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1. Jeff Bezos will step down as Amazon CEO on July 5. Bezos said the date was “sentimental” because it was when Amazon was incorporated in 1994. More on his departure — and what’s next.
2. Elon Musk’s Boring Company tested its Tesla tunnel system in Las Vegas. Residents were encouraged to sign up for Tesla rides, which were aimed at testing the traffic capacity the tunnels could handle. Watch footage of Teslas navigating the tunnels.
3. Amazon’s acquisition of MGM will require certain execs to jostle for power. As the companies combine in a Hollywood-shaking deal, the roles of key execs like MGM’s Mark Burnett and Amazon’s Jennifer Salke are unclear. Here are the executive head-to-heads to watch out for.
4. The long-rumored new Nintendo Switch model is about to be revealed. The new Switch is expected to be more powerful — and more expensive — than the current models, and insiders say it could launch as soon as September. Check out some of the new Switch’s specs.
5. Electric vehicles could soon be up to $12,500 cheaper for buyers. The Senate Finance Committee advanced a bill that would create bigger tax incentives for EV buyers. Here are the bill’s stipulations.
6. Klobuchar wants the Justice Department to investigate Amazon’s MGM purchase over antitrust concerns. The senator, along with multiple Republican lawmakers, wants to ensure the massive deal “won’t risk harming competition.” More on her call to investigate.
7. Apple posted a job ad that hints at an interest in cryptocurrencies. The company is looking to hire a crypto-savvy business development manager, giving some the impression that it has a burgeoning interest in crypto. Here’s what we know so far.
8. Another noose was found at an Amazon facility, forcing construction to shut down again. The noose was the eighth of its kind found at the Connecticut facility since late April. The latest news on Amazon’s response.
9. Klarna, Europe’s most valuable startup, is raising fresh cash from mega-investor SoftBank. The deal could value the “buy-now, pay-later” startup somewhere between $40 billion and $50 billion. A look at Klarna’s latest funding.
10. Colonial Pipeline’s $4.4 million ransom payment caught the government by surprise. It’s unclear if anyone in the federal government knew about the payment at the time. The ransom forces the nation to confront a critical question: Does America negotiate with criminals?
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